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Russia to Spend $2.4 Bln on Black Sea Fleet by 2020

© RIA Novosti . Vasily Batanov / Go to the photo bankRussia to Spend $2.4 Bln on Black Sea Fleet by 2020
Russia to Spend $2.4 Bln on Black Sea Fleet by 2020 - Sputnik International
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Russia’s Black Sea Fleet will receive more than 86 billion rubles ($2.4 billion) for development in the period to 2020, Defense Minister Sergei Shoigu said Tuesday.

MOSCOW, May 6 (RIA Novosti) – Russia’s Black Sea Fleet will receive more than 86 billion rubles ($2.4 billion) for development in the period to 2020, Defense Minister Sergei Shoigu said Tuesday.

"Development of the Black Sea Fleet is part of a federal targeted program on the establishment of the Black Sea Fleet basing structure on Russian territory in 2005-2020. The total funding of the program is 86.7 billion rubles," Shoigu said during a conference call.

The defense minister noted that some 48 infrastructure facilities have been put into service to date in the port of Novorossiysk and in home stations of the Black Sea Fleet coastal forces in the town of Temryuk and the settlement of Utash.

Shoigu stressed the need to make adjustments to the current development program due to the recent reunification of Crimea with Russia.

Russian President Vladimir Putin earlier instructed senior officials to work out a development plan for the country’s Black Sea Fleet by June.

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